Wave Power Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	354.34	411.45	437.19	362.19	280.38
Revenue Growth (YoY)	-24.30%	-5.89%	20.71%	29.18%	-
Cost of Revenue	198.09	210.14	207.16	174.4	147.84
Gross Profit	156.25	201.3	230.03	187.79	132.54
Selling, General & Admin	50.49	56.17	46.57	39.44	34.29
Research & Development	41.56	45.03	41.65	36.55	17.67
Operating Expenses	92.04	101.16	88.24	76	51.98
Operating Income	64.22	100.14	141.79	111.79	80.56
Interest Expense	-0.41	-0.41	-0.16	-0.07	-0.88
Interest & Investment Income	5.03	2.47	0.47	0.18	0.09
Currency Exchange Gain (Loss)	0.49	0.02	0.53	0.46	0.27
Other Non Operating Income (Expenses)	3.15	2.95	0.02	-	-0.05
EBT Excluding Unusual Items	74.09	105.17	142.64	112.35	79.99
Other Unusual Items	0.04	0.04	-	0	-
Pretax Income	74.13	105.21	142.64	112.36	79.99
Income Tax Expense	12.43	18.44	28.88	21.98	16.45
Net Income	61.7	86.77	113.76	90.38	63.55
Net Income to Common	61.7	86.77	113.76	90.38	63.55
Net Income Growth	-48.22%	-23.73%	25.87%	42.22%	-
Shares Outstanding (Basic)	34	32	31	31	22
Shares Outstanding (Diluted)	34	32	31	32	22
Shares Change (YoY)	8.73%	3.21%	-1.17%	43.05%	-
EPS (Basic)	1.83	2.70	3.67	2.92	2.94
EPS (Diluted)	1.82	2.69	3.64	2.86	2.88
EPS Growth	-52.58%	-26.10%	27.27%	-0.69%	-
Free Cash Flow	151.35	140.47	2.65	44.68	59.66
Free Cash Flow Per Share	4.48	4.36	0.08	1.41	2.70
Dividend Per Share	2.200	2.200	3.450	2.500	1.800
Dividend Growth	-36.23%	-36.23%	38.00%	38.89%	-
Gross Margin	44.10%	48.93%	52.61%	51.85%	47.27%
Operating Margin	18.12%	24.34%	32.43%	30.86%	28.73%
Profit Margin	17.41%	21.09%	26.02%	24.95%	22.66%
Free Cash Flow Margin	42.71%	34.14%	0.61%	12.33%	21.28%
EBITDA	82.82	118.1	158.09	128.92	94.23
EBITDA Margin	23.37%	28.70%	36.16%	35.59%	33.61%
D&A For EBITDA	18.6	17.96	16.3	17.13	13.67
EBIT	64.22	100.14	141.79	111.79	80.56
EBIT Margin	18.12%	24.34%	32.43%	30.86%	28.73%
Effective Tax Rate	16.77%	17.53%	20.25%	19.56%	20.56%
Advertising Expenses	-	-	-	6.17	5.22

Source: S&P Capital IQ. Standard template. Financial Sources.